Spa Knowledge Base



Explore the Knowledge Base:

Ask Us:

 
Can't find what you're looking for?
Ask a Question

YOU ARE HERE: Home Spa Development and Planning Risk Management Top 10 Reasons Why Spa Businesses Fail

Top 10 Reasons Why Spa Businesses Fail
  1. Lack of management expertise
  2. Lack of vision and purpose by principles
  3. Lack of financial planning and review
  4. Over-dependence on specific individuals in the business
  5. Poor market segmentation and strategy
  6. Failure to establish or communicate company goals
  7. Lack of knowledge about the market and the competition
  8. Inadequate capitalization or lack of funds
  9. Absence of a standardized quality program
  10. Owners concentration on the technical rather than the strategic work
Article ID: 065
Created:
April 11, 2004
Modified:
July 3, 2005

Rating: 5.00
Email Article Email
Print Article Print
Add Comment Add Comment


How helpful was this article to you?
Related Articles
article Continuing Education 'Self-Propelled' Professionals are a Businesses Best Asset
I've heard it said that a truly motivated, forward-thinking business professional spends an average of 10 - 15 hours each month on continuing education.  Over a 12 month period, that equates...
  July 6, 2007    Views: 701   
article Reasons for Internal Conflict
So often I hear "If only we could find more effective ways to eliminate the internal conflicts, our Spa would be a much more peaceful place." It is a challenge for leaders everywhere not just in...
  April 2, 2007    Views: 728   
article 10 Reasons Why Medical Spas Succeed
I speak to numerous medical spa owners each week.  Many of them are experiencing great success.  With the ever increasing demand for minimally invasive cosmetic procedures you would think...
(No rating)  July 23, 2008    Views: 441   
article 7 Reasons to Private Label
By Douglas Preston As a spa owner and private-label retailer with 20 years of business success I offer you my 7 best reasons to create and sell your own product brand NOW! This is a strategy any...
  October 23, 2004    Views: 3595   
article 9 Reasons Why 82% of Salon/Day Spas Don’t Celebrate Their 10th Birthday
Most owners believe that not having enough money is the leading cause of business failure. Frankly, they’re right: cash is the life-blood of a salon/spa. Without cash, your salon/day spa cannot...
(No rating)  December 10, 2006    Views: 1029   
User Comments

Add Comment Add comment

No comments have been posted.



Powered by Lore :: (c)2003 Pineapple Technologies.